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Lehman to price principal-protected enhanced participation notes linked to commodities
By Laura Lutz
Des Moines, July 9 - Lehman Brothers Holdings Inc. plans to price an issue of principal protection enhanced participation notes due July 30, 2010 linked to a basket of nine commodities, according to an FWP filing with the Securities and Exchange Commission.
The basket includes a 20% weight of light sweet crude oil and 10% weights of number 2 heating oil, copper - grade A, primary nickel, special high grade zinc, gold, platinum, number 2 yellow corn and number 2 wheat.
The notes are expected to price on July 26 and settle on July 31.
At maturity, investors will receive par plus any basket return times a participation rate. The participation rate will be at least 120%, and the exact rate will be set at pricing.
Lehman Brothers Inc. is the underwriter.
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